The Board of Directors of Africa Prudential Plc (NGX: AFRIPRUD) has approved the company’s Audited Financial Statements for the year ended December 31, 2021.
They also approved the payment of dividend to shareholders, subject to approval at the Annual General Meeting.
The information on the approvals was contained in a post board meeting notification signed by Joseph Jibunoh, the Company Secretary.
The Board of Directors had met on Monday February 21, 2022, to consider the Audited Financial Statements.
In its Financial Statements for the 9 month period ended 30th September 2021, AFRIPRUD reported a Profit After Tax of N1.15 billion and an Earnings Per Share of 58 kobo.
The reported earnings was lower than the N1.41 billion Profit After Tax and 71 kobo EPS it reported for the 9 months ended 30 Sept, 2020.
AFRIPRUD paid 50 kobo dividend per ordinary share for the 2020 financial year, and unless their earnings improve significantly in the fourth quarter of 2021, we expect the company to declare 50 kobo dividend for the 2021 financial year.
About the Company
Africa Prudential Plc was originally incorporated as UBA Registrars Ltd in March 2006. The Company subsequently changed its name to Africa Prudential Registrars Plc in August 2011 and was listed on the Nigerian Stock Exchange in January 2013.
To expand its business portfolio, the Company acquired UAC Registrars Ltd in June 2013. To enhance its market competitiveness and diversified business interests.
The Company changed its name to Africa Prudential Plc following a special resolution passed by the Members in General Meeting on March 28, 2017.
Africa Prudential Plc carries on the business of registrar and investor relation service in accordance with its Memorandum and Articles of Association. As part of its business diversification strategy, it has expanded its business activities to provision of digital solutions for businesses.
Its flagship digital solutions product known as EasyCoop is a unique software to aid the administration of cooperative societies in Nigeria and other digital business solutions.
AFRIPRUD has 2 billion outstanding shares.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
